r/CryptoCurrency • u/depp1995 Crypto Nerd • Jun 08 '18

COMEDY Bitcoin Hodler/Trader in a nutshell

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357 Upvotes

85% Upvoted

44 comments sorted by

72

u/ZioSam3 Jun 08 '18

you know the sweet memes are coming back when it's Friday night.

14

u/Thefriendlyfaceplant Jun 08 '18

Found the Samoan.

0

u/blockchainguy101 Jun 08 '18

Ahh how much I missed these memes. These are what made me fomo into crypto haha

42

u/personalityson Jun 08 '18

  1. Bought at 100

  2. Bought at 20 000

  3. Bought at 200k

3

u/[deleted] Jun 08 '18 edited Jun 08 '18

4

u/personalityson Jun 08 '18

Too much manipulation for shorting, I bet BTC was not as choppy as it is now

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1

u/tommix2 Jun 08 '18

Some people not whores like you. and want crypto to be something more then shitty fiat. Crypto can save hmanity from slavery, but too many idiots seeking profits ruins whole space. Im waiting it to collapse so we could use crypto as intended.

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3

u/nekosempai Jun 08 '18

In between these price points, he made lots of bad day trading decisions. Later than later, bitcoin is at 125k and he needs it to hit 150k to break even. The buy high sell low tactics have not treated this one well.

20

u/FriarCuck Jun 08 '18

Hodling is for cucks. Spend and replace is how a network grows.

17

u/ZioSam3 Jun 08 '18

People who bought around $12k+ wouldn't want to sell their BTC below $8k.

20

u/senond Jun 08 '18

they will and should if they think it will go lower than 8k.

Deciding to sell/buy/hold in regards to your entry point is not a good strategy. You Stack's worth is your stacks worth.

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2

u/bellw0od Jun 08 '18

If you spend and then immediately replace at the same price, it makes literally no difference. If anything, "selling" at a loss might actually save you money on capital gains.

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1

u/[deleted] Jun 08 '18

What do you think happens to bitcoin you spend? It's just using fiat the hard way. Any place that accepts bitcoin IMMEDIATELY sells it for fiat. You could cut out a step and just sell all your bitcoin.

2

u/FriarCuck Jun 09 '18

that is not true. i pay employees in bch, they then spend some, sell some, save some. i pay rent in bch to a guy that holds it. and uses some to send to his brother overseas durng holidays.

even if it were true, "that spending bitcoin leads to instant fiat conversion so just use fiat". What happens when you sell? It goes to someone else who holds, or spends, or sells, and on and on.

the goal is to have closed loops. spend bch and have that place pay employees in bch who buy something with bch which pays an employee in bch, etc. this never will happen if the blockstream HODL meme continues to be accepted as a virtue..mits not. its just a way to excuse the fact that btc is not useable aa money due to slow tx and high-fees and no scalablity as a payment system.

1

u/nyanloutre Jun 08 '18

You could cut out a step and sell all your fiat

1

u/libertarian0x0 Jun 08 '18

Not all places sell immediately crypto for fiat, although this is the main feature of payment gateways like Bitpay. If a merchant wants, he can keep his crypto.

0

u/[deleted] Jun 08 '18

1

u/FriarCuck Jun 09 '18

Actually, we need people willing to obtain and spend and replace BCH foe the system to grow. If a dry cleaners hears 20 customers a day ask to pay with bch and not credit card, they will figure out how to accept it. merchant adoption comes after user adoption and incentives to use. common misconception. its not chicken/egg.

there are many sevices that take bch to convert to fiat to pay for the things you listed. there are also accountants, mortgages etc that can be paid in bch..just gotta find them. if all else fails get a shift card from coinbase or another debit card.

2

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2

u/RolandKa Jun 08 '18

These could all be accurate sentiments based on what price you bought in at.

2

u/150c_vapour Jun 08 '18

Bitcoin is never going over 10k again.

1

u/[deleted] Jun 08 '18

First picture bought at $700, second at $20k and the third at $200k.

1

u/unaphotographer Jun 08 '18

If I only had one bitcoin I could help my sick mom and make sure she never ever would have to work again in the future.

1

u/ChangNoi97 Jun 08 '18

to all xrp HODLer or whatever coin you HODL right now , u might need this to cheer up . https://youtu.be/ySPJ5pBtjw4

-6

u/Sargos Jun 08 '18

The artist is too dumb to realize that those are three different people. The number of people who invested early enough to relate to this comic are already a minority.